| Other Accounting General Interview Questions |
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|pls can any body give me detail journal entries for stock
of amanufaturing company?
|what is average due date ?
|what is tds,pf and vat?
|Which of the following statement is not true:
(a) If del-creder’s commission is allowed, bad debt will not
be recorded in the books
(b) If del-creder’s commission is allowed, bad debt will be
debited in consignment
(c) Del-creder’s commission is allowed by consignor to
(d) Del-creder’s commission is generally relevant for credit
|come will open bank account... what journal will come...
|Why SAP Fico module is given more importance than Tally &
|What is the difference between CASH FLOW and FUND FLOW?
|Tell me,as per companies which section P&L Account and balance sheet will be prepared
|vat will be charged on any type of transportation ?
|how to prepare trial balance?
|what is the meaning of debit and credit
|Manoj & Mahavir joined a firm drawing salary of Rs 25000 per
month.After serving 3 yrs ,they started business of their
own in partnership,contributing Rs200000(expected life 10
yrs,bought spare parts worth Rs 33000 from Kundu on
credit.Office supplies were purchased for cash.Initially
they were very busy in conducting their business operations
but by the end of the 1st year,31/12/2005 they were
disappointed when they found their bank balances.Following
is the summary of their bank statement.
Receipts: Share Capital Rs 250000
Collections from Customers 412000
Payments: Equipment 200000
Salaries of Assistants 88000
Rent advance for 2 yrs 96000
On-year ins. Policy on equipment 12000
Office stationery 27000
Payment to Kundu 29000
Withdrawals of Manoj 90000
Withdrawals of Mahavir 90000
Closing balance c/d 30000
Total : 6,62,000
Still amount receivable from customers for services to them
amounted to Rs 30,000 & closing balance of office stationery
is Rs2000,spare parts Rs2600 were utilised by the end of the
year .Prepare trial balance with the available information
and show total.
Also what is the net profit.
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